How to change default app icon shape in Android Studio

Question

I started using Android Studio recently and I found one thing different (notably) that unlike in Eclipse, Android Studio does not provide any option to choose app icon and its shape & size while creating a new app. While finalizing my app development I tried to change default 'ic_launcher.png' with my own image but I am not able to change its shape (which is square by default) to circular.

So my question is - Is there any way of changing app icon shape in Android Studio ? And if this question is already been solved on some other thread then please share that link with me. (P.S.- I tried to search with similar question here but couldn't find probable solution, therefore posting this question on my own)

Answer 1

Just add new Icons in all drawable folder and update the icon name in manifest file.

To change the icon shape following tool can be usefull:

http://romannurik.github.io/AndroidAssetStudio/